Freddie Mac suspends mortgage payments for 3-mos for Katrina

ThomasMiddleton

NEW YORK (MarketWatch) -- Freddie Mac
FRE, +5.71%
said Thursday it will suspend mortgage payments for up to three months for victims of Hurricane Katrina. The suspension will apply to every borrower with a Freddie Mac-owned single family mortgage in areas designated by the Federal Emergency Management Administration.

Intraday Data provided by SIX Financial Information and subject to terms of use. Historical and current end-of-day data provided by SIX Financial Information. All quotes are in local exchange time. Real-time last sale data for U.S. stock quotes reflect trades reported through Nasdaq only. Intraday data delayed at least 15 minutes or per exchange requirements.